Daily Chart Report π Wednesday, March 26, 2025
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Todayβs Summary
Wednesday, March 26, 2025
Indices: Dow -0.31% | Russell 2000 -1.03% | S&P 500 -1.12% | Nasdaq -1.83%
Sectors: 5 of the 11 sectors closed higher. Consumer Staples led, rising +1.55%. Technology lagged, falling -2.23%.
Commodities: Crude Oil futures rose +0.94% to $69.65 per barrel. Gold inched lower by -0.11% to $3,023 per oz.
Currencies: The US Dollar Index gained +0.43% to $104.67.
Crypto: Bitcoin fell -0.60% to $86,913. Ethereum dropped -2.76% to $2,010.
Volatility: The Volatility Index rose +6.88% to 18.32.
Interest Rates: The US 10-year Treasury yield rose to a one-month high of 4.354%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Jason Perz (@JasonP138).
- Energy ($XLE) has been the only positive sector over the past month, rising +5.4%, while the S&P 500 has fallen -4.1%.
- $XLE is still up more than +300% from its 2020 low, making it the best-performing sector over the past five years, However, it's made little progress in recent years.
- Jason points out that $XLE has coiled into a narrow range, setting the stage for a large move or trend. This consolidation pattern should resolve in the direction of the underlying trend, which, in this case, is higher.
The Takeaway: Despite three years of sideways action, Energy ($XLE) has been the best-performing sector this month, this year, and over the past five years. It continues to coil into a narrow range, building pressure for an eventual breakout.
Top Links
New Lows Lingerπ» - The Daily Number
Grant Hawkridge looks at the recent streak in new lows.
What the S&P 500βs Rare Two-Way Volatility Really Means - CappThesis
Frank Cappelleri breaks down the recent price action in the S&P 500.
Bullish Canada - The Strazza Letter
Steve Strazza highlights areas of strength outside the U.S.
Two Tops to Watch - Alfonso's Daily Note
Alfonso De Pablos examines two potential tops in $XLK/$SPY and $ITB.
Quote of the Day
"Opportunities come infrequently.
When it rains gold, put out the bucket,
not the thimble."
- Warren Buffett